Week 3 Project Scope Statement Change Control Policy and Procedure Essay Integrated Change ControlThe assignment includes writing a Change Control Policy &

Week 3 Project Scope Statement Change Control Policy and Procedure Essay Integrated Change ControlThe assignment includes writing a Change Control Policy & Procedure and identifying members of the Change Control Board. In addition, you will write an example of a potential change request that could have significant impact on the triple constraint and explain the pros and cons of tradeoffs in resolving the request. Project Scope Statement
(PSS)
[XN Project]
[Insert Project Name]
PSS VERSION HISTORY
Version #
Date
Author
Key Differences
Scope Management Plan [Insert Version Number] | Page 2
[Insert Project Name]
TABLE OF CONTENTS
1
Executive Summary ………………………………………………………………………………………….. 4
2
Project Objective Statement ………………………………………………………………………………. 4
3
Business Requirements ……………………………………………………………………………………… 4
4
Solution Requirement ……………………………………………………………………………………….. 6
5
Exclusions (Out of Scope) …………………………………………………………………………………… 7
6
Project Constraints …………………………………………………………………………………………… 7
7
Assumptions & Risks …………………………………………………………………………………………. 7
8
Approvals ……………………………………………………………………………………………………….. 8
9
References ……………………………………………………………………………………………………… 9
Scope Management Plan [Insert Version Number] | Page 3
[Insert Project Name]
1
Executive Summary
Leaders in the insurance and risk mitigation industry, like many other industry executives, continuously
seek routes to profitable growth amid the unprecedented changes. Executives in the insurance and risk
mitigation industry have realized that it would be close to impossible to pursue top-line growth without
proper innovation. The XN project is based on labs to present a platform for the innovators to engage in
experimental learning that will enable them to become more inventive. More specifically, this project is
geared towards experimental learning opportunities and solving insurance or risk related problems to
help the company strike a strategic balance that will sustain profit growth as well as shareholder returns
over time. Through the labs, the company will be able to solve insurance and risk associated problems
through the identification of existing gaps in the current offering and use the insights to design products
as well as services that meet these problems.
The project employs the program evaluation review technique. This involves identifying the specific
tasks, establishing the proper sequence of these tasks, estimating the amount of time required to
complete each project task, and determining the critical path. The structure of the project is drawn from
the functional design, whereby the major functional area will be addressed by team members. XN
project, would therefore, reveal the concerns the management have presenting its customer with
optimized products and services something which could be ascertained by developing the labs.
2
Project Objective Statement
To help the company strike a strategic balance that will sustain a sustainable competitive advantage and
consequently, profit growth as well as shareholder returns by solving the real-time insurance and risk
associated problems.
3
Business Requirements
i.
Acknowledge customer needs as well as become more innovative.
ii.
Present customer with optimized products and services.
iii.
Solve the real-life problems and help the community to manage the innovation practices.
iv.
Build on community resilience through the real and quantifiable returns to stakeholders.
v.
Transform the workplace benefits by creating memorable and exceptional customer services.
vi.
To create a seamless experience across the value chain from engagement to claims.
Scope Management Plan [Insert Version Number] | Page 4
[Insert Project Name]
Scope Management Plan [Insert Version Number] | Page 5
[Insert Project Name]
4
Solution Requirement
1
Proper planning of the project
Prioritization
(MoSCoW)
Must have
2.
Projected project outputs
Should have
All tasks are complete
Use of the project plan
3.
Documentation
Nice to have
Milestones are complete
4.
Optimized product and services
Should have
Delivery of manuals
Review of the present
documents
Ensure information is correct
5.
Generation of inventive ideas
Must have
Definition of key tasks
Processing of new services
6.
Formulation of a verbal agreement
Must have
Certification of document
Audits must be complete
Req#
Solution Requirement
Acceptance Criteria
Verification Method
All tasks are complete
Use of records
Scope Management Plan [Insert Version Number] | Page 6
[Insert Project Name]
5
Exclusions (Out of Scope)
Some of the project scope items will not be addressed by the project given that the tasks to be delivered
by the project managers will be beyond the scope of the project. A project charter is one of the items
given that it will provide the set expectations of the project where in case of any changes; a significant
analysis will be done. Feasibility of the project will as well be one of the project scope items given that it
will be influenced by any relevant changes to the scope of the project. In addition to that, benefit
realization will be considered as project exclusion given that the project will focus on the benefits of the
business and its returns on investment. Any changes on the out of cope will mean that the retune on
investment will be affected by changes that might impact negatively.
6
Project Constraints
Resources will likely limit XN projects given that a lot of money will be required to facilitate the creation
of a fully equipped plan that will be used by the scientists. To raise this amount, a lot of time will be
needed to acquire it and budget on it by allocating each task with the required resources. Project risks
are also constraints that will likely limit the project managers from meeting their set objectives. Proper
control; measures will thus have to be taken to ensure that the project manages to oversee the
speculated risks in XN Company. Also, the quality of the project can be a limiting factor as the outcome
of the project should meet the set expectations. Here, elements such as time will play a huge role in
determining whether the project will meet the quality expected by the company.
7
Assumptions & Risks
In running the project, there will be various assumptions that will focus on the anticipated events that
will likely come up while running the project during its life cycle. Some of these assumption are that XN
will be able to create labs to be used as a platform for the innovators to engage in experiential learning
and encourage them to become more inventive.it is also expected that the company will be in a position
to acknowledge the needs of the customers and engage them when designing goods and services.
However, certain risks are expected that will limit the scope of the project such as budget, running the
schedule and resources to apply in meeting the goals of the project.
Scope Management Plan [Insert Version Number] | Page 7
[Insert Project Name]
8
Approvals
Funding of the project will involve the opening of reserve account that will be used on running the
operational activities. Different departments of XN will be allocated with project managers assigned
with different roles of ensuring they meet the scope of the project. Insurance problems will be solved
by anticipating the risks of the project and creating clear records that will be used to retrieve for any
information.
Approver
(Position in Organization)
Project planner
Project manager
Role in Project
Project Sponsor
Approved
(Signature = Approval)
Leave blank
Date of
Approval
Leave blank
Closing the
project
Scope Management Plan [Insert Version Number] | Page 8
[Insert Project Name]
9
References
Schuurman, D., De Marez, L., & Ballon, P. (2016). The impact of living lab methodology on
open innovation contributions and outcomes. Technology Innovation Management Review, 6(1).
Sanghera, P. (2019). Project Scope Management. In CAPM® in Depth (pp. 135-171). Apress,
Berkeley, CA.
Scope Management Plan [Insert Version Number] | Page 9
[Insert Project Name]
Scope Management Plan [Insert Version Number] | Page 10

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